16. Major Products Lines

6 Months Ended

Jun. 30, 2013

Product Information Disclosure [Abstract]

Product Information Disclosure [Text Block]

16.	Major Products Lines

The Company operates in one industry segment and in one geographic region, which is the PRC. Revenues and costs of goods sold by major products for the three and the six months ended June 30, 2013 and 2012 consisted of:

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Major Products	Revenues		Revenues		Revenues		Revenues
Steel plates	$	98,527,863	$	101,296,170	$	193,024,372	$	165,592,905
Steel bars/steel wires		78,600,204		42,007,530		169,538,335		104,954,351
Steel billets		-		-		-		47,067,680
Byproducts and others		3,598,367		2,268,669		6,527,424		4,986,081
Total Revenues	$	180,726,434	$	145,572,369	$	369,090,131	$	322,601,017

Costs of Revenue		2013		2012		2013		2012
Steel plates	$	98,007,329	$	101,522,232	$	191,931,819	$	167,211,256
Steel bars/steel wires		78,874,035		39,060,294		167,501,605		98,669,634
Steel billets		-		-		-		42,308,554
Others		238,332		532,943		1,175,433		1,130,590
Total Cost of Revenue	$	177,119,696	$	141,115,469	$	360,608,857	$	309,320,034

Gross Profit Margin	2013		2012		2013		2012
Steel plates	0.53	%	-0.22	%	0.57	%	-0.98	%
Steel bars/steel wires	-0.35	%	7.02	%	1.20	%	5.99	%
Steel billets	-		-		-		10.11	%
Total Gross Profit Margin	0.14	%	1.90	%	0.86	%	2.97	%

		2013		2012		2013		2012
Major Products	Metric Ton		Metric Ton		Metric Ton		Metric Ton
Steel plates		202,468		182,554		392,698		296,376
Steel bars/steel wires		165,843		70,936		351,631		181,571
Steel billets		-		-		-		85,602
Total Metric Tons		368,311		253,490		744,329		563,549

China Industrial Steel Inc. 10-Q